Please find attached the Outcome of the Board Meeting held on May 11, 2026.
POLICYBZR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PB Fintech Ltd (PolicyBazaar) held a board meeting on May 11, 2026 where several governance changes were approved. The board approved re-appointment of Mrs. Veena Vikas Mankar and Mr. Nilesh Bhaskar Sathe as Non-Executive Independent Directors for second terms of 5 years each (June 2026 to June 2031), subject to shareholder approval via postal ballot. A new Independent Director, Ms. Jyotsana Vempati Aggarwal (co-founder and CEO of Wysa, an AI mental health platform), was appointed as Additional Director effective May 11, 2026 for a 5-year term. Remuneration for Mr. Dhruv Shringi was also approved. Additionally, the ESOP 2021 plan closing date was extended, and the Audit Committee was reconstituted following Mr. Kaushik Dutta's departure.
The changes maintain board independence and continuity with experienced directors. The new appointment of Ms. Aggarwal brings AI and health technology expertise. ESOP extension may help retain employees. Overall positive for governance but no direct impact on near-term stock price.